A wave of layoffs that hit dozens of major US companies toward the end of 2022 appears to show no sign of slowing down into 2023.
Salesforce and Vimeo became the latest to announce cuts in the new year, amid a continued economic downturn and stagnating sales. The downsizing follows significant reductions last year at companies including Amazon — which said in November it plans to layoff upward of 10,000 employees across various divisions, the largest cut in its history. Twitter and Meta also saw major staff reductions.
The layoffs have largely affected the tech sector, which is now hemorrhaging employees at a faster rate than at any point during the pandemic, the Wall Street Journal reported. According to data cited by the Journal from Layoffs.fyi, a site that's been tracking layoffs since the start of the pandemic, tech companies slashed more than 150,000 in 2022 alone — compared to 80,000 in 2020 and 15,000 in 2021.
Here are the notable examples so far in 2023: